A notable factor in Ethereum’s growth is the blossoming of the NFT industry. Why are the two so strongly linked and will it remain that way in the future?
Smart contracts that assign ownership and govern the transferability of NFTs are used to create nonfungible tokens, which
In addition to the above, each token has a distinct identity that is tied to a single Ethereum address. That said, each token has a unique owner who can be easily identified as they are Ethereum-based and can be purchased and traded on any Ethereum-based NFT exchange or market.
However, the resilience of a blockchain's smart contracts is a major component of the overall security of distributed ledger technology. Smart contracts must go through extensive testing to provide the highest level of reliability and efficiency, ensuring minimal risk of downtime, breaches and hacks.
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